Operation of long-term health care facilities

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 201 volunteers and 207 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $412K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$273K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.4M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.4M
-11% vs prior year
Spent
$10.5M
To programs
86%
Net assets
$4.9M
By yearFY2020–FY2024
Revenue
$10.4M
FY2024▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.2M
FY2021$10.5M
FY2022$9.0M
FY2023$11.8M
FY2024$10.4M
Expenses
$10.5M
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$8.4M
FY2021$9.1M
FY2022$9.8M
FY2023$11.0M
FY2024$10.5M
Net assets
$4.9M
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.7M
FY2021$5.5M
FY2022$4.6M
FY2023$5.4M
FY2024$4.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $9.1M Management & general 14% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $273K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & Treasurer
$123,900Pt VII · Sec A
Administrator
$118,959Pt VII · Sec A
Vice President
$15,000Pt VII · Sec A
Secretary
$15,000Pt VII · Sec A

Michael a Michaud’s $124K as President & Treasurer is at the 9th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jacqueline Doyle————$128,625
Michael a Michaud$123,900$123,968$115,968$97,968$97,968
Hilaree Stringham$118,959$117,450$108,472—$101,401
Gregory T Slessor$15,000$11,500—$8,000$6,000
James J Lock$15,000————
John J Lock—$10,500———
John Whitaker———$6,000$6,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Capstone Group INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates long-term health care facilities for residents needing ongoing support.

Questions for The Capstone Group INC

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Provided by the organization

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1 program · $9.1M · in their own filed words · FY2024
01

Operation of long-term health care facilities. The capstone group owns two facilities, one in guthrie center, ia and one in marion, ia. The guthrie center facility offers a full spectrum of care needs, with seventeen (17) independent living apartments for senior citizens, fourteen (14) assisted living units, and fifty-eight (58) skilled…

$9.1Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$10.4M
Ln 12
Fees for servicesLn 2g$10.6M
Investment incomeLn 3$113K
Gifts and grantsLn 1h$9K
Money outPt IX
$10.5M
Ln 25
Programscol B$9.1M
Managementcol C$1.4M
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$2.6M
Total assetsLn 16$12.2M
LiabilitiesLn 26$7.4M
PeoplePt VI, VII
4
listed · VII A
PaidVII A4
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$9K
Fees for servicesLn 2g$10.6M
Investment incomeLn 3$113K
Gains on assetsLn 7−$238K
Total revenueLn 12$10.4M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.6M
InvestmentsLn 11–13$513K
Land, buildings, equipmentLn 10c$6.9M
Other assetsLn 15$180K
Total assetsLn 16$12.2M
LiabilitiesLn 26$7.4M
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 5207
VolunteersI 6201
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.9M$2.6M
InvestmentsLn 11–13$221K$513K
Land, buildings, equipmentLn 10c$7.3M$6.9M
Total assetsLn 16$12.9M$12.2M
LiabilitiesLn 26$7.5M$7.4M
Net assetsLn 32$5.4M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Pay of current officers, directors and key staffLn 5$154K$154K
Other salaries and wagesLn 7$4.5M$4.0M$501K
Pension plan contributionsLn 8$29K$17K$12K
Other employee benefitsLn 9$252K$140K$112K
Payroll taxesLn 10$342K$305K$38K
Management feesLn 11a$700K$627K$73K
Legal feesLn 11b$123K$123K
Accounting feesLn 11c$201K$201K
Other fees for servicesLn 11g$1.1M$1.1M
Advertising and promotionLn 12$36K$36K
Office expensesLn 13$155K$95K$59K
OccupancyLn 16$394K$375K$19K
TravelLn 17$35K$19K$16K
InterestLn 20$179K$179K
Depreciation, depletion and amortizationLn 22$194K$194K
InsuranceLn 23$297K$297K
Other expenses (24a–d)Ln 24$1.6M$1.5M$95K
All other expensesLn 24e$249K$105K$144K
Total functional expensesLn 25$10.5M$9.1M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $10.4M$10.5M−$79K$4.9M 990 PDF
FY2023 $11.8M$11.0M$762K$5.4M 990 PDF
FY2022 $9.0M$9.8M−$813K$4.6M 990 PDF
FY2021 $10.5M$9.1M$1.4M$5.5M 990 PDF
FY2020 $9.2M$8.4M$832K$4.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $10,444,482 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,493,561$8,829
I-9 Program service revenuePrior year $10,216,602$10,558,058
I-10 Investment incomePrior year $55,550−$125,093
I-11 Other revenuePrior year $0$2,688
I-12 Total revenuePrior year $11,765,713$10,444,482
I-13 Grants and similar amounts paidPrior year $250$1,490
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $5,114,334$5,287,042
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,888,992$5,234,550
I-18 Total expensesPrior year $11,003,576$10,523,082
I-19 Revenue less expensesPrior year $762,137−$78,600
Part VI · Governance 0 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,444,482 across 7 lines filed
Lines not itemized here account for $12,613 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$8,829
VIII-1h Total contributions, gifts and grants$8,829
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,545,445$10,545,445
VIII-3 Investment incomeExcluded from tax $112,781$112,781
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$237,874−$237,874
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,688$2,688
VIII-12 Total revenueRelated to mission $10,558,058 · Unrelated business $0 · Excluded from tax −$122,405$10,444,482
Part IX · Statement of functional expenses $10,523,082 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $1,490$1,490
IX-5 Pay of current officers, directors and key staffPrograms $153,900$153,900
IX-7 Other salaries and wagesPrograms $4,009,841 · Management $500,576$4,510,417
IX-8 Pension plan contributionsPrograms $16,892 · Management $11,810$28,702
IX-9 Other employee benefitsPrograms $139,653 · Management $112,003$251,656
IX-10 Payroll taxesPrograms $304,852 · Management $37,515$342,367
IX-11a Management feesPrograms $627,312 · Management $72,541$699,853
IX-11b Legal feesManagement $122,893$122,893
IX-11c Accounting feesManagement $200,999$200,999
IX-11g Other fees for servicesPrograms $1,092,682$1,092,682
IX-12 Advertising and promotionManagement $35,887$35,887
IX-13 Office expensesPrograms $95,454 · Management $59,297$154,751
IX-16 OccupancyPrograms $375,173 · Management $18,918$394,091
IX-17 TravelPrograms $19,088 · Management $15,642$34,730
IX-20 InterestPrograms $178,877$178,877
IX-22 Depreciation, depletion and amortizationPrograms $194,372$194,372
IX-23 InsurancePrograms $297,012$297,012
IX-24 Other expenses (24a–d)Programs $1,483,884 · Management $95,436$1,579,320
IX-24e All other expensesPrograms $104,987 · Management $144,096$249,083
IX-25 Total functional expensesPrograms $9,095,469 · Management $1,427,613 · Fundraising $0$10,523,082
Part X · Balance sheet $12,242,822 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $849,431$1,238,070
X-2 Savings and temporary cash investmentsStart of year $3,069,623$1,396,876
X-4 Accounts receivableStart of year $1,355,466$1,960,126
X-9 Prepaid expenses and deferred chargesStart of year $72,868$81,498
X-10c Land, buildings and equipment, netStart of year $7,327,483$6,872,918
X-12 Other securitiesStart of year $220,550$512,951
X-15 Other assetsStart of year $0$180,383
X-16 Total assetsStart of year $12,895,421$12,242,822
X-17 Accounts payable and accrued expensesStart of year $991,812$880,786
X-19 Deferred revenueStart of year $68,252$229,451
X-26 Total liabilitiesStart of year $7,468,704$7,381,598
X-27 Net assets without donor restrictionsStart of year $5,426,717$4,861,224
X-32 Total net assets or fund balancesStart of year $5,426,717$4,861,224
X-33 Total liabilities and net assetsStart of year $12,895,421$12,242,822
Part XI · Reconciliation of net assets $4,861,224 net assets at year end
XI-1 Total revenue$10,444,482
XI-2 Total expenses$10,523,082
XI-3 Revenue less expenses−$78,600
XI-4 Net assets at start of year$5,426,717
XI-5 Net unrealized gains (losses) on investments$60,235
XI-8 Prior period adjustments−$226,561
XI-9 Other changes in net assets−$320,567
XI-10 Net assets at end of year$4,861,224

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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